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Topic History of: Greece sinks further .............
Max. showing the last 5 posts - (Last post first)
Author Message
In The Know Greek Prime Minister Antonis Samaras has pleaded with politicians to vote through a fresh round of austerity measures crucial to securing the country's next round of bailout funds.

Parliament will vote later on 13.5bn euros ($17.3bn; £10.5bn) of measures, including tax rises and pension cuts.

The fresh package of austerity measures - Greece's fourth in three years - is meant to close Greece's budget deficit, lower its huge debt burden and make its economy more competitive.

It includes a two-year increase in the retirement age from the current average of 65, as well as salary cuts and labour market reforms including cuts to holiday benefits, notice periods and severance pay.

www.bbc.co.uk/news/business-20221111

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All of which would happen here too, if Silliband got his way.